More staff cuts to come for Canadian banks
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- Опубликовано: 23 июл 2024
- Nigel D’Souza, Senior Investment Analyst at Veritas Investment Research, talks with Financial Post’s Larysa Harapyn about how we can expect more staff cuts for Canadian banks.
Oh great, even less service then I get now 🤦🏻♂️ our rural area has already seen a branch closure with light support for local account holders
But there is a labor shortage: isn't that why there is so much immigration ??
😂 labour shortage for $16 an hour jobs that no one can afford to work .
@@samoday2992Exactly correct. The objective of immigration is to bring down our standard of living not improving immigrants quality of life.
No not true lots of Canadians are told to use indeed for places they want to work at and they never get a reply at all it’s a scam the indeed company would lose money if all jobs were token so it’s false that Canadians here don’t want to work
Why not just ask the banks?
From what I hear, they are replacing customer service reps with sub par AI assistants.
Taxpayers will pay $44 billion this year for interest on federal debt 😢
oh well so be it. Interest rates have been too low for too long so we now have the result!
But TJ said the budget will balance its self , so how can the gov. be in debit ?.... LOL
A big chunk just goes to the treasury so who cares... That is one branch of the government giving the fiat currency to another branch. The rest primarily goes to Canadians, many of who are retirees and parked there investments in ultra safe Canadian Government Bonds.
@JeremyMacDonald1973 except the BoC is making a loss because it pays more to Bay Street than it collects from government, so no your argument is not valid. Plus, there are international bondholders as well, I don't want to pay interest to them.
@@TheTruthAlways The federal government makes the bonds - many of which are held by the BoC. The BoC does not take a loss on bonds. The BoC can't really take a loss as it can create money out of thin air. Currently it is actually pulling money back off of Bay Street as it is in a period of Quantitative Tightening. There are foreign Bond holders but they are a pretty minuscule percentage of all Bond holders. The real players outside of the BoC are the Pension Funds and other Canadians.
This guy eyes are reading HARD 🤣🤣🤣🤦🏽♂️
look at the way this guys eyes are moving, he's reading a script
The banks should start by laying off recruiters. What's the point in keeping them if so many other bank staff are being let go? Meanwhile customer service is constantly declining while bank fees are rising!
This guy's eyes are freaking me out. 👁👁👀👀👀
In 4 to 5 years, I expect banks will make record profit contributed mainly from their mortagage portfolio as FHSA drives the demand for real estate and mortgages. (Those who maxed out their FHSA contribution at $40K (in 5 years at $8K per year) will be in the market to buy a home. )
Build Economy on Housing, Fools...
Our economy is built on immigration. 600k-1 million added each year
They built the economy on housing and immigration. Double fools
Fact is
Canada's real estate is a biggest bubble in world similar to Japan in 1989!!!
Fact is the price is 3X that of USA .. and the economy doesnot make manufacturers anything!!!
The fact is legal low wage immigration can't sustain such bubble real estate. No one is a fool😅😅😅 for long
The fact is price have gone 2x in last 4 years and reduced by .05 % in last 3 months.. and yet so much noise...
The fact is Canadian bank may be well capitalized making the poor Canadian cry and work and sacrifice.. so the share price of Canadian banks don't plummet for the bank executive!!!
Texas USA
It takes 6 month - 1 year from. Plan design ground prep construction to move in
Toronto Canada
It takes 5-7 years for the same!!
Our economy is built on immigration. 600k-1 million added each year. Japan doesn’t have many immigrants.
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference.
I have been making a lot profit through forex trading which has been the main source of my income.
There's a favourable forex rise in profit, This will be the best time to invest in forex based on current status.
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Who cares, we all do internet banking anyway......and the last place I would put my investments would be with a bank. Many private investor houses are much better place for your funds.
A Bank crash/crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant. Under her tutelage, I diversified my $400K portfolio across multiple markets and have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit. For me, ‘’Stacie Lynn Winson” turned out to be better and smarter than all the consultant I ever worked with till date, I’ve never met anyone with as much conviction.
It was easy locating your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call to use her services. She seems proficient considering her resume.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.
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I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Financial Posts Larysa Harapyn